5-bed sectional title in 554 Orion Road, Surrey Estate

Case No: 7015/2024 Docex 2 Tygerberg IN THE HIGH COURT OF SOUTH AFRICA (WESTERN CAPE DIVISION, CAPE TOWN) In the matter between: Absa Bank Limited (Plaintiff) and Essop Osman Essack, ID7111155073081 (Defendant) AUCTION-NOTICE OF SALE IN EXECUTION: IMMOVABLE PROPERTY 09 SEPTEMBER 2026, 11:00, At the office of the sheriff being Ebenezer Road 3rd Floor House Vincent, Wynberg Mews, Wynberg Registered Owner: Essop Osman Essack ID 7111155073081 Property Auctioned: Erf 114617 Cape Town in the City of Cape Town Cape Division Province of the Western Cape Measuring 459 (Four hundred and Fifty Nine) square metres held By Deed of Transfer T78664/2007Situated: 554 Orion Road, Surrey Estate Comprising (but not guaranteed): A plastered house with a tiled roof, 5 bedrooms, 3 bathrooms, lounge, kitchen, dining room, burglar bars, outside room, single garage and a swimming pool. Zoning: Residential Date Public Auction: 9 September 2026 at 11:00am Place of Auction: At At the office of the sheriff being Ebenezer Road 3rd Floor House Vincent, Wynberg Mews, Wynberg And when deemed appropriate by the Sheriff the auction will also be conducted via electronic platform simultaneously with the physical auction and in accordance with the provisions of section 45 of the Consumer Protection Act, 2008 (Act No.68 of 2008) and Regulations promulgated thereunder. Conditions: The sale is a sale in execution in pursuant to a judgment obtained in the above Honourable Court against the defendant for money owing to the execution creditor, and in accordance with the Consumer Protection Act 68 of 2008, as amended http://www.info.gov.za/view/Download FileAction? id=99961 ) The rules of the auction is available 24 hours before the auction and can be inspected at the office of the Sheriff for Wynberg East at 4the abovementioned address, and the auction will be conducted by the Sheriff or her Deputy. Everyone that intends to bid at the auction must be acquainted therewith before the auction commerce. Registration as a buyer is pre-requisite subject to specific conditions, inter alia: a) In accordance with the Directive of the Consumer Protection Act 68 of 2008;b) FICA-legislation requirements: proof of ID and residential address; c) Payment of a Registration Fee: R10 000.00; d) Registration conditions. Advertising costs at current publication tariffs & sale costs according to court rule apply. Important: The sale will be subject to a reserve price of R1 540 000.00 to the highest registered bidder with the required legal capacity to sign the conditions of sale on the fall of the hammer and always subject to the provisions of the Consumer Protection Act, No 68 of 2008. A cash transfer equal to 10% of the purchase price is to be made immediately on the fall of the hammer and that the balance is to be guaranteed for payment against transfer within 21 days after the sale. The purchase may be taken possession of the property in which event the purchaser shall be liable for occupational rental at a rate of 1% per month on the purchase price. Dated at BELLVILLE, 11 AUGUST 2026. Attorneys for Plaintiff(s): Sandenbergh Nel Haggard, S202 Bonitas Office Park, Carl Cronje Drive Bellville. Tel: 0219199570. Fax: -. Ref: EL/E41684. -.